Blackstone Private Credit Fund 8-K
Research Summary
AI-generated summary
Blackstone Private Credit Fund Declares May Distributions; Reports NAV
What Happened
Blackstone Private Credit Fund filed an 8‑K on May 21, 2026, announcing a May 20, 2026 declaration of regular distributions, reporting net asset value (NAV) and portfolio/leverage figures as of April 30, 2026, and disclosing an unregistered private sale of Class I shares. The Fund sold 2,171,851 Class I shares in the private offering (sale recorded as of May 1 and finalized May 20) for $52,254,727. Distributions of $0.20 gross per share were declared for all share classes, payable on or about June 25, 2026, to holders of record as of May 31, 2026.
Key Details
- Unregistered share sale: 2,171,851 Class I shares sold in the Private Offering for $52,254,727 (sale date May 1; final count May 20, 2026).
- Distributions: Gross $0.2000 per share for Class I/S/D; net amounts — Class I $0.2000, Class S $0.1830 (after $0.0170 fee), Class D $0.1950 (after $0.0050 fee). Record date May 31, 2026; payment on/about June 25, 2026; cash or reinvestment option available.
- NAV and balance sheet (as of April 30, 2026): NAV per share $24.06 for all classes; aggregate NAV ≈ $45.2 billion; investment portfolio fair value ≈ $79.0 billion; debt outstanding ≈ $37.1 billion (principal); average debt-to-equity leverage ~0.77x in April.
- Offering status: Fund is offering up to $45.0 billion in Shares ongoing. Combined Offering + Private Offering issued 2,236,244,584 shares representing ~$56.8 billion in total consideration (breakdowns by class provided in the filing).
Why It Matters
These items give investors a snapshot of the Fund’s recent cash distribution, portfolio size, leverage position and capital-raising activity. The declared distributions (and reinvestment option) affect near-term cash flows to shareholders. The NAV, portfolio fair value and leverage metrics help assess the Fund’s scale and financial structure. The continued public Offering and the disclosed private share sale show ongoing capital inflows and how the Fund is financing growth and leverage.
Loading document...